May jobs report better than expected but unemployment rate stays the same
The May jobs report came in better than expected. The U.S. added 390,000 jobs during the month, and the unemployment rate remained at 3.6%. But inflation is causing a change in trends of how consumers are spending their money. Kevin Gordon, senior investment research manager at Charles Schwab, joins CBS News to break down the jobs report and what it signals about the state of the economy.